ENDS 221 Lecture Notes - Lecture 12: Incomes Policy, Tax Expenditure, Capital Gains Tax
20 Sep 2016
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Document Summary
Housing affordability is the intersection of social development policy and real estate markets and finance. Design and urban planning are necessary, but seldom sufficient to prompt affordability. Affordability is both: supply issue(investment in rental/social housing/ownership, income issue(price, demographic and social development question) We have a housing shortage right now. Zone for more housing in the right locations. Invest in permanently affordable housing: social housing that the government subsidizes for people who aren"t as wealthy. Enable more housing to be affordable by design. Housing: 20. 3% of gdp of which bllion is annual investment in residential construction(6. 9% of gdp) Mortgages: billion(64% of gdp) vs all government debt at 87. 4% Mismatch of public opinion vs influence on key factors. Key factors: interest rates(federal, tax regime(federal and provincial, incomes policy (federal and provincial, mortgage finance(federal, land use(cities, social welfare(provincial) rent supplements. Owners home equity gains as tax free, the tax expenditure was . 8 billion.
